GILGIT: As many as 27 Chinese containers loaded with agricultural equipment have entered Pakistan after the Khunjerab Pass was temporarily opened as a trial run throughout the year for cross-border trade. According to a notification issued by the Ministry of Commerce, the Ministry of Foreign Affairs stated that the Chinese side had conveyed its willingness to open the crossing point from March
Thanks to the latest rollover of a $2 billion Chinese loan, there is apparently little to worry about the rupee’s health till the end of March 2024. But the rupee’s prospects in April-June 2024 may not remain as certain. Weak fundamentals of Pakistan’s external economy — particularly growing external debt servicing requirements amidst no big hope for a sustainable boost to foreign exchange reserve
Not too long ago, the venture capital (VC) and tech sector was the place to be where employees were paid hands over fist. And then came the wave of popular startups shutting down. Recently, there have been rumours about layoffs in established tech companies. What happened? Shifts in consumption patterns have been the first benefactor of digitisation — for example there are multiple ride-hailing
In parallel with engaging the International Monetary Fund (IMF) for a more extensive, comprehensive 25th programme, Prime Minister Shahbaz Sharif’s government is poised to prioritise the China Pakistan Economic Corridor (CPEC). “As Pakistan enters the second decade of the flagship programme aligned with China’s ‘Belt and Road’ vision, the CPEC holds the promise of diversifying and broadening th
Bulls dominated the trading floor on Thursday as shares gained over 800 points, which analysts attributed to “clarity on the formation of the new government” and the swearing-in of MNAs. According to the PSX website, the KSE-100 index gained 873.38, or 1.37 per cent, to stand at 64,576.82 at 11:43am from the previous close of 63,703.44 points. The benchmark index sustained its gains througho